Prolonged lockdowns in Shanghai have snarled supply chains and prompted banks to cut China GDP forecasts. Here, a truck leaves a port on April 13, 2022, with healthcare supplies for Shanghai. Tang Ke | Visual China Group | Getty Images BEIJING — In just about a week, several investment banks have cut their China growth … Read more
LONDON — European stocks are expected to open sharply lower on Monday as the sell-off in global markets continues into the new trading week. The UK’s FTSE index is seen opening 94 points lower at 7,533, Germany’s DAX 241 points lower at 13,901 and France’s CAC 40 down 72 points at 6,509, according to data … Read more
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC’s Sara Eisen will moderate the talk. The event is part of the IMF’s … Read more
As news of soaring gas prices splashed across headlines, Yasmine Camilla saw her energy bill double “almost overnight.” Filling up the tank now costs 30% to 40% more, she says. But this rising cost of living is something she would never have noticed eight months ago. “I had always just filled up my car when … Read more
brianajackson | Istock | Getty Images As inflation soars to record highs, retirement savings are feeling the pinch, making it even more important to make sure yours is working for you. US inflation rose 8.5% annually in March to hit a fresh 40-year high as the war in Ukraine pushed up energy costs, the latest … Read more
LONDON — European stocks are expected to open mixed on Tuesday, with investors’ attention focused on the latest developments in the war between Russia and Ukraine. The UK’s FTSE index is seen opening 15 points higher at 7,613, Germany’s DAX 30 points higher at 14,086, France’s CAC 40 down 8 points at 6,554 and Italy’s … Read more
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. YiFan | Visual China Group | Getty Images BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said. That’s … Read more
LONDON — European stocks were cautious on Thursday morning as investors awaited the European Central Bank’s latest policy decision and tracked developments in Ukraine. The pan-European Stoxx 600 nudged 0.2% higher in early trade, with travel and leisure stocks gaining 1.4% while telecoms dropped 0.9%. In terms of individual share price movement, Hungary’s Wizz Air … Read more
Prices that consumers pay for everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the … Read more
LONDON — European markets pulled back slightly on Monday to begin a week of key central bank meetings and US inflation prints. The pan-European Stoxx 600 was down 0.2% around an hour into trading, having earlier slid more than 0.7%. Tech stocks slide 1.3% to lead losses while banks jumped 1.2%. Societe Generale led the … Read more